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9/29/2003

The EDPplus Loan/Grant Program
by Heather Robinette, Business Consultant, UALR Lead Center

EDPplus is a combination loan and grant program through the Federal Home Loan Bank of Dallas. The program is designed to promote and enhance economic development in underserved areas. Thus, businesses located in low income areas, employing low income individuals, or servicing low income individuals are eligible for the program.

The maximum grant amount in the EDPplus program is $25,000 and can be no more than 15% of the total project. The grant must be matched by an equal equity contribution by the business owner also representing 15% of the total project. The remaining 70% of the project is a loan.

In order to apply for the program, a business must work through a member institution of the Federal Home Loan Bank of Dallas. Many lenders in Arkansas are member institutions of the Federal Home Loan Bank. For more information on this program and a list of member institutions visit www.fhlb.com.

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Arkansas Small Business and Technology Development Center
University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
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The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.